Barrington Research reaffirmed their outperform rating on shares of Information Services Group (NASDAQ:III – Free Report) in a report published on Wednesday, Benzinga reports. Barrington Research currently has a $3.50 price target on the business services provider’s stock.
Information Services Group Price Performance
III traded down $0.04 on Wednesday, hitting $3.20. 64,035 shares of the stock were exchanged, compared to its average volume of 110,171. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23. Information Services Group has a 12 month low of $2.92 and a 12 month high of $5.36. The firm has a market capitalization of $155.73 million, a price-to-earnings ratio of -160.00, a PEG ratio of 1.46 and a beta of 0.95. The business has a 50-day moving average of $3.20 and a two-hundred day moving average of $3.65.
Information Services Group (NASDAQ:III – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a positive return on equity of 7.81% and a negative net margin of 0.26%. The firm had revenue of $64.27 million for the quarter, compared to analyst estimates of $66.05 million. Sell-side analysts forecast that Information Services Group will post 0.12 EPS for the current fiscal year.
Information Services Group Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of III. ClariVest Asset Management LLC increased its holdings in shares of Information Services Group by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock worth $351,000 after buying an additional 3,345 shares in the last quarter. Summit Global Investments increased its holdings in Information Services Group by 21.1% in the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock worth $105,000 after purchasing an additional 3,900 shares in the last quarter. Rhumbline Advisers raised its position in Information Services Group by 7.6% in the second quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 4,075 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Information Services Group during the second quarter valued at about $30,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Information Services Group during the first quarter valued at about $45,000. Institutional investors and hedge funds own 73.10% of the company’s stock.
About Information Services Group
Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.
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